Steel Pipe Makers Speeding Up Normalization of Corporate Management

摘要

The corporate management normalization of domestic steel pipe makers was found to have recently entered the final stage. A lot of domestic steel pipe makers have been put under court receivership, composition or workout program in the wake of the foreign exchange crisis under the IMF regime due to the financial difficulties in their business operation. However, Dong Yang Steel Pipe, HUSTEEL graduated from court receivership in 2001 and the operation of Kumkang Ind. has become normalized after completion of its composition in 2002. Last year, Miju Steel completed its workout program in five years, and Jeil Pipe, a maker of drawing steel pipes, has recently become free from court receivership. Meanwhile, Dong Bang Steel Pipe, a covered steel pipe maker, is seeking a way of getting itself normalized in operation.